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Strategies & Market Trends : The OEX... gasp!
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To: Brian Hornby who wrote (280)1/3/1997 11:30:00 PM
From: Stuart Briscoe   of 658
 
I've traded options up 'till 4:15 before through Schwab. I had to leave out of town at 3:30 ET, so I sold my AC's at 19.25. I see they closed at 23. That last 20 minutes can really bump up the price if there is a lot of momentuum going into the close. I debated with myself about holding over the weekend and chose to take a nearly $18k profit instead and fight my greed. I usually get burned whenever I hold out for that last point or two. I also did well through a trading account I have with Terry Bedford's Real Plus Account. Anyone trading Calls did real well today, and will probably do well early next week. It will be interesting to see if the OEX breaks through the 739 level next week. Depending on the volume, I might be buying Puts if it manages to get much above that level. As long as the market shows this kind of volatility there will be a lot of money to be made, if we can just be on the right side.

Hope everyone made a lot of money this week.

Regards,

Stuart
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